India imports 100% of its muriate of potash (MOP) and approximately 70–80% of its diammonium phosphate (DAP). With the West Asia War driving DAP to $750–770/t and MOP to $350–400/t, India’s non-urea fertiliser subsidy bill has reached fiscal crisis levels. Unlike urea, where green ammonia offers a domestic production alternative, DAP and MOP’s import dependency is structural. This article maps the crisis, the CBAM exposure for DAP, and what a decarbonised phosphatic fertiliser supply chain would look like.